Lease Amount Calculator
Posted by Dinesh onThis calculator calculates the lease amount($) using property cost($), residual value($), lease (interest) rate(%), lease terms (years) values.
Lease Amount Calculation
Formula:
Lease Amount = [(CC - RV)/ M ]+ [(CC + RV) x MF ]
Where,CC = Property Cost
MF = Money Factor (Lease Rate / 2400)
RV = Residual Value
M = Lease Terms